And this may surprise you.
GAMCO Investors' Mario Gabelli was the highest paid CEO among stock brokers and asset managers in 2013, according to a report on executive compensation released Monday by researchers at SNL Financial.
GAMCO’s assets under management have nearly doubled over the past few years, ending 2013 at just over $47bn. They were up 29% last year alone. Gabelli’s 2013 salary was equal to about 0.18% of the company’s assets under management at year-end.
Gabelli’s compensation has grown steadily over the years as well. In 2012, he pulled in $69m, up from $61.7m in 2011 and $56.6m in 2010.
Gabelli earned nearly twice as much as the founders of private equity firm KKR Henry Kravis and George Roberts. They each earned about $44m in 2013, landing them in second and third place among the top 10 highest paid asset manager CEOs.
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